Riyadh - Mubasher: Arabian Contracting Services Company (Al Arabia) inked a contract with Wave Media Advertising Company on 8 June 2026 for three years.
This agreement aligns with the listed company’s efforts to expand its operations in the outdoor advertising sector and foster its presence across key locations, according to a bourse disclosure.
The average annual contract, valued at SAR 336.55 million, will contribute to scaling advertising solutions and enhancing services provided to advertisers and advertising agencies.
Marketing and selling advertising spaces, advertisements, and campaigns on existing outdoor advertising billboards, comprising a network of Megacom, Super Megacom, Mupi, and Super Mupi billboards located in Jeddah, Arar, Jazan, and Hail.
The financial impact will commence reflecting on Al Arabia’s results from the second quarter (Q2) of 2026.
The company’s net profits after tax fell by 94.54% to SAR 8.88 million at the end of March 2026 from SAR 162.78 million in Q1-25.
